Construction in New Zealand – Key Trends and Opportunities to 2018

Date: 2015-09

New Zealand’s construction industry recorded a compound annual growth rate (CAGR) of 5.90% during the review period (2009–2013). The industry posted growth of 10.2% and 11.5% in nominal terms, in 2012 and 2013 respectively, due to reconstruction work in the Canterbury region, following earthquakes in 2010 and 2011. The outlook for construction is favorable, as a result of the government’s focus on country’s infrastructure, commercial and residential construction projects and continuous reconstruction work in the earthquake affected regions. Growth in the oil and gas industry, and government efforts to improve education and healthcare will also support the industry. Consequently, the construction industry’s output is expected to record a CAGR of 12.95% over the forecast period (2014–2018).


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